Theresa May has vowed to stick by her controversial Brexit plan which has been criticised by some pro-Brexit MP’s in her own party.
Speaking exclusively to Express.co.uk, Gerard Lyons co-author of Clean Brexit and Chief Economic Strategist at Netwealth Investments claimed the Chequers deal threatens to make the UK a “rule taker”.
Mr Lyons added that the Prime Minister's Brexit blueprint could “tie” Britain’s hands when it comes to secure future trade agreements with countries across the world.
He said: “I think the big challenge with the Chequers agreement is what it implies in terms of the final deal with the European Union.
“My main concern about it is that it will start to tie our hands on domestic future economic policy and also tie our hands on our future ability to do trade deals around the world.
“When you think about leaving the EU…if we look at economic terms there are three key areas, there’s the domestic economic agenda, there’s our relationship with the European Union and there is our ability to do trade and our relationship consequently with the rest of the world.
“So far we have almost exclusively focused on the relationship with the EU, naturally that has to be an important relationship, we want it to be as close to ideal as possible, favouring both sides. But the challenge with the Chequers agreement is that it might tie our hands with those two other areas, domestic future policy and our future relationship with the rest of the rest of the world.”
Speaking last month, he added: “Now what is good about the Chequers agreement is that at least we now know where the Government stands, even though it is not an ideal situation.
I didn’t like the Chequers agreement, I have said that before
“But, also in terms of those firms who deal into the single market. They cover about six percent of UK firms, 12 percent of the economy, at least they will know for certain what lies ahead.
“I think the big challenge is that with the Chequers agreement, as we have been in the single market, is the future rules and regulations of the EU will apply to 100 percent of the firms in the UK, and the challenge